A corporate audience with Donald Trump at the White House will bring on average a $170m lift in a company’s market value, according to academic analysis.
Finance professors who spotted an apparent stock market boost for executives visiting President Barack Obama say the same effect appears to have continued into the Trump administration.
Jeffrey Brown and Jiekun Huang, whose analysis of Obama-era visitor logs and share prices caused a stir earlier this year, say that companies whose bosses get an audience with Mr Trump also seem to have enjoyed outsized stock market performance in the days around their visits.
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